Final answer:
A common business issue in business is low customer satisfaction rates. One possible solution to this problem is for Company X to invest in customer service training for employees, implement a customer feedback system to address concerns, and offer personalized incentives to encourage repeat business.
Step-by-step explanation:
Business Issue:
A common business issue that many companies face is low customer satisfaction rates.
Business Problem:
This issue can be converted into a business problem by framing it as: How can Company X improve customer satisfaction to increase loyalty and drive sales?
One possible solution to this problem is for Company X to invest in customer service training for employees, implement a customer feedback system to address concerns, and offer personalized incentives to encourage repeat business.